REGISTERED NUMBER: 07130178 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

DIAMOND CONSULTANTS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,446

1,052

Investments

5

100

-

1,546

1,052

CURRENT ASSETS

Debtors

6

14,250

16,143

Cash at bank

20

26

14,270

16,169

CREDITORS

Amounts falling due within one year

7

65,140

28,613

NET CURRENT LIABILITIES

(50,870

)

(12,444

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(49,324

)

(11,392

)

CREDITORS

Amounts falling due after more than one year

8

(523,377

)

(634,297

)

PROVISIONS FOR LIABILITIES

(362

)

(263

)

NET LIABILITIES

(573,063

)

(645,952

)

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

(573,363

)

(646,252

)

SHAREHOLDERS' FUNDS

(573,063

)

(645,952

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

Hamza Adnan Shafiq - Director

1.	STATUTORY INFORMATION

Diamond Consultants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07130178

Registered office:

2 Wheeleys Road

Edgbaston

Birmingham

West Midlands

B15 2LD

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 February 2024

7,328

Additions

851

At 31 January 2025

8,179

DEPRECIATION

At 1 February 2024

6,276

Charge for year

457

At 31 January 2025

6,733

NET BOOK VALUE

At 31 January 2025

1,446

At 31 January 2024

1,052

5.	FIXED ASSET INVESTMENTS

Investment

in

Subsidiary

£

New in year

100

At 31 January 2025

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

14,250

11,143

Maintenance Contractor

-

5,000

14,250

16,143

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

47,103

6,209

VAT

8,559

4,078

Wages Control Account

1,048

-

Accrued expenses

8,430

18,326

65,140

28,613

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bounce back loan

25,027

30,627

Directors' loan accounts

498,350

603,670

523,377

634,297

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Long term liabilities include the directors loan account (creditor) £498,350 (£603,670 in 2024)

10.	ULTIMATE CONTROLLING PARTY

Ultimate controlling parties are the shareholders